New Jersey state senators on Monday advanced legislation that would require disclosure of third-party litigation funding agreements over the objections of trial lawyers and litigation finance representatives, who warned that the bill could discourage funding for plaintiffs involved in costly cases.
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WEDNESDAY, JUNE 10, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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NJ Senators Advance Litigation Funding Disclosure Bill

By Carla Baranauckas

New Jersey state senators on Monday advanced legislation that would require disclosure of third-party litigation funding agreements over the objections of trial lawyers and litigation finance representatives, who warned that the bill could discourage funding for plaintiffs involved in costly cases.

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Feds Abandon $300M Fraud Case Against Prophecy CEO

By George Woolston

Federal prosecutors have dropped their fraud case against the former CEO of collapsed investment adviser Prophecy Asset Management LP over his alleged involvement in a nearly $300 million hedge fund wipeout.

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Reed Smith Can Resume Atty Depo After Meeting Conditions

By Jake Maher

A New Jersey state judge has ruled that a former Reed Smith LLP attorney suing the firm for gender discrimination can be deposed nearly two years after her deposition left off, but only after the firm provides long-sought-after discovery documents and completes defendant depositions.

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Warranty Seller Wins Injunction For Rival's Deceptive Calls

By Lauraann Wood

An Illinois federal judge has enjoined a Chicago-area extended auto warranty service's rival from violating trademark and competition laws in a dispute over its allegedly deceptive customer calls and web impersonation, saying the company is likely to prove the conduct was illegal.

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Cybersecurity Worker's Early Win Bid Premature, Court Says

By Benjamin Morse

A Colorado federal judge has denied a former cybersecurity worker's bid to knock out several affirmative defenses raised by a U.S. Department of Defense contractor against his whistleblower retaliation suit, saying the worker filed the bid before giving the court a chance to weigh in on pre-motion letters.

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NFL, Teams Deny Retaliating Against Flores Over Bias Suit

By David Steele

The National Football League has told a New York federal court that former head coach Brian Flores cannot support his "kitchen-sink" of racial hiring discrimination claims against the league and its teams, including his recent allegation of retaliation.

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LITIGATION

High Court Won't Let Pa. AG Enter Grid Project Suit

By Keith Goldberg

The U.S. Supreme Court on Monday rebuffed a plea from Pennsylvania's attorney general to let him intervene in Third Circuit proceedings that allowed an electricity transmission project to proceed despite having been rejected by state utility regulators.

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Trump's $100K H-1B Fee Is Unauthorized Tax, Judge Rules

By Britain Eakin

A Massachusetts federal judge ruled Monday that President Donald Trump's $100,000 H-1B visa payment constitutes a tax that Congress did not authorize the president to impose, declaring the fee unlawful and vacating it in its entirety.

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DC Circ. Backs FERC Rejection Of Grid-Planning Deal

By Nadia Dreid

The Federal Energy Regulatory Commission was allowed to reject a proposal by PJM transmission owners that would've allowed the regional grid operator to make grid-planning decisions without the approval of its members committee over an issue with a single amendment, the D.C. Circuit has said.

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ENFORCEMENT

DOJ Seeks To Denaturalize 17 Citizens For 'Serious Offenses'

By Rae Ann Varona

The Trump administration said Monday it is working on revoking U.S. citizenship of 17 more individuals, filing complaints in courts throughout the country that cite convictions for fraud, drug trafficking and sex abuse offenses.

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POLICY & REGULATION

Brief

Adviser AI Use Under Scrutiny In NJ Securities Review

By George Woolston

New Jersey financial regulators said Monday that the state's annual examination of investment adviser business practices this year will take a hard look at how artificial intelligence is used in the construction of investment portfolios or recommendations to clients.

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DEALS

Brief

Johnson & Johnson Paying $1B For Oncology Startup Firefly

By Al Barbarino

Johnson & Johnson said Monday it has agreed to acquire Firefly Bio Inc. for $1 billion in cash, adding a proprietary technology that targets hard-to-treat tumors. 

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LEGAL INDUSTRY

Trial Boutiques Roll Out Associate Pay Raises

By Andrea Keckley

Three trial boutiques are planning to bump associate salaries by at least $10,000 next month, the firms confirmed to Law360 Pulse Tuesday.

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Interview

Burford Sees Growing Market For Stakes In Elite Firms

By Marialuisa Taddia

Burford Capital plans to step up minority equity investments in elite law firms in the U.K. and U.S. that already use its litigation finance, as investor appetite for law firm equity increases, the firm's new London-based chief operating officer told Law360.

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Fox Rothschild Sued Over Data Breach Tied To Ransom Group

By Allison Grande

Fox Rothschild LLP was hit with a proposed class action in Pennsylvania federal court Tuesday accusing the national law firm of failing to adequately protect the "highly sensitive and confidential" personal data entrusted to it from being exposed to a prominent ransomware group in a data breach last month. 

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All Attys In Miss. Suit DQd For Back-To-Back-To-Back AI Flubs

By Emily Sawicki

A Mississippi federal judge who found herself in the "unusual scenario" of reviewing briefs with artificial intelligence-created errors filed by both parties in a lawyer's fee dispute against a Magnolia State municipality has terminated all four attorneys from the case.

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Q&A

Next ABA International Ethics Chair Looks To Year Ahead

By Emily Sawicki

Rob Misey, incoming chair of the American Bar Association's International Ethics Committee, brings a passion for international dialogue to his new role, set to begin in September. Misey discussed his goals of initiating ethics conversations throughout the ABA and with counterparts overseas.

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Analysis

Fed. Circ. 'Recalibrates' Analysis For Constitutional Standing

By Dani Kass

The Federal Circuit eased the line between constitutional and statutory standing last month when reviving A.L.M. Holding Co.'s infringement suit against Zydex Industries Private Ltd., in a decision attorneys say makes standing more accessible and clarifies how patent licensors can maintain their rights.

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5 Firms Barred From Handling NFL Parkinson's Claims

By P.J. D'Annunzio

Five law firms have been disqualified from representing claimants seeking NFL concussion settlement funds for running a scheme that "laundered" questionable Parkinson's disease claims through the system to obtain $95 million, including $20 million in fees, a special masters' report issued Monday says.

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Pa. Law Firm Calls Uber and FedEx's RICO Suit A 'Sham'

By James Boyle

Nearly a month after its motion to dismiss a RICO suit filed by Uber and FedEx was denied by a Philadelphia federal judge, personal injury firm Simon & Simon PC has lodged a counterclaim against the companies, saying their complaint is a "frivolous sham."

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Senate Confirms Longtime Kan. Prosecutor, KBI Chief To Bench

By Courtney Bublé

The Senate voted 51-46, along party lines, on Tuesday to confirm Tony Mattivi, director of the Kansas Bureau of Investigation, to serve on the bench in the District of Kansas.

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LAW FIRMS IN TODAY'S NEWS

Ahmad Zavitsanos

Baratta Law

Blank Rome

Carlton Fields

Carmagnola & Ritardi

Chiesa Shahinian

Christian & Small

DWF LLP

Daniel Williams & Associates

Davis Polk

Dilworth Paxson

Elefterakis Elefterakis

Elsberg Baker

Federman & Sherwood

Fenwick & West

Fish & Richardson

Fox Rothschild

Frederick M. Lehrer Attorney at Law

Gordon Rees

Honigman LLP

Jenner & Block

Jones Day

K&L Gates

Kopelowitz Ostrow

Kutak Rock

Leech Tishman

McCarter & English

McDermott Will & Schulte

Milbank LLP

Milberg PLLC

Ogborn Mihm

Orrick Herrington

PCB Byrne

Paul Weiss

Perkins Coie

Quinn Emanuel

Reed Smith

Reinhart Boerner

Reynolds Frizzell

Saul Ewing

Simon & Simon PC

Sterne Kessler

Stinson LLP

Tabet DiVito

Watkins Calcara

Wigdor LLP

Wilkinson Stekloff

Withersworldwide

Wright & Talisman

COMPANIES IN TODAY'S NEWS

Acquira

Advanced Bionics AG

Affordable Care LLC

American Bar Association

American Municipal Power Inc.

Axos Financial Inc.

Burford Capital LLC

Denver Broncos Football Club

Endurance Warranty Services LLC

FedEx Corp.

Fort Point Capital

Google LLC

Houston Texans

Ingevity Corp.

International Legal Finance Association

Johnson & Johnson

Learning Resources Inc.

LinkedIn Corp.

NFL Enterprises LLC

National Association of Mutual Insurance Companies

National Federation of Independent Business

New Jersey Association for Justice

New Jersey Chamber of Commerce

New Jersey State Bar Association

New York Football Giants Inc.

PJM Interconnection LLC

Serco Group PLC

Uber Technologies Inc.

Union Internationale des Avocats

WestRock Co.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

European Union

Federal Bureau of Investigation

Federal Energy Regulatory Commission

Internal Revenue Service

Kansas Attorney General's Office

Missile Defense Agency

National Security Council

Pennsylvania Attorney General's Office

Pennsylvania Public Utility Commission

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the District of New Jersey

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Fifth Circuit

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of Labor

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of Louisiana

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Northern District of Mississippi

U.S. District Court for the Southern District of New York

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

Unified Patent Court

United States District Court for the District of Colorado